German Coalition Agrees Financing Details Of Hydrogen Network

Areas Impacted: Hydrogen, Funding

April 5th, 2024

"Germany’s ruling coalition agreed a financing mechanism for the country’s future hydrogen network, extending a deadline for it to be built by five years to 2037 and offering protection for investors in case of bankruptcy.
The country’s core network for hydrogen fuel will extend over 9,700 km (6,000 miles) and cost around 20 billion euros ($21.6 billion), with existing gas pipelines making up 60% of the network."

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